American automaker General Motors announced in late April that it would officially halt the Chevy Bolt EV/EUV production by the end of this year as it aims to pursue new battery tech.
Now, GM has reversed plans to kill the electric model, which has suffered from multiple safety recalls over the years.
GM to launch a new Chevy Bolt EV
General Motors announced plans to develop and launch a new Chevy Bolt EV, ultimately canceling its previous plan to halt the model’s production.
However, it has yet to disclose the production and launch dates of the new version of the Chevy Bolt EV.
GM revealed that the new Chevy Bolt EV will feature the company’s latest Ultium battery tech. It claims the new model will enable “great affordability, range, and technology.”
“Our customers love today’s Bolt. It has been delivering record sales and some of the highest customer satisfaction and loyalty scores in the industry.
We will keep the momentum going by delivering a new Bolt…and we will execute it more quickly compared to an all-new program with significantly lower engineering expense and capital investment by updating the vehicle with Ultium and Ultifi technologies.”
GM CEO Mary Barra
However, it must be noted that the automaker recently faced another issue with the Ultium battery. It announced “unexpected delays” in the battery tech’s production due to delivery drawbacks in an automated production equipment supplier.
That said, the cells’ assembling process to become modules is struggling from this major delay. In response, GM engineers went to the said equipment supplier to accelerate deliveries. It has also been assembling battery cells manually.
GM assures it will unveil the new Bolt model on an “accelerated timeline.” However, it announced it would disclose other relevant details like schedule, production location, etc., later.
See Also:
- General Motors to halt Chevy Bolt EV/EUV production by the end of 2023
- General Motors leads $50 million funding round in EnergyX for lithium supply in the US
- General Motors launches its Dealer Community Charging Program
- General Motors installs the first of 40,000 new electric vehicle chargers
- General Motors targets $50 billion in EV revenue
The American automaker still aims to halt the production of the legacy at its Michigan factory at the end of 2023 as it aims to pursue electric truck production there.
Consequently, some EV fans got disappointed to lose one of the smallest and cheapest electric models in the market. For reference, its base price is $26,500 before the $7,500 federal tax credit.
